Signal management

Asset management ecosystem powered by decentralized AI announces live beta

When asked about wealth inequality, few can say they clearly understand how serious this gap is. For a more accurate visual, consider that Elon Musk, who is said to be the richest man on Earth, has a network that exceeds the gross domestic products (GDP) of countries like Portugal, Pakistan and Finland.

According to the UN, even a small fraction of its wealth, $6 billion, would save at least 42 million people who are on the brink of starvation. Although Musk is just one example, his wealth points to one thing, a very extreme wealth gap that currently exists, leading many to question why.

On the one hand, the aphorism “the rich get richer and the poor get poorer” often comes to mind. With access to sophisticated financial tools and other professional help, the wealthy often have an advantage in increasing their existing profits. Unfortunately, these same tools aren’t readily available to the lower classes, illustrating just one of the reasons the rich are getting richer.

The cryptocurrency industry aims to level the playing field with fully decentralized organizations by lowering the remaining barriers to entry. One such project is SingularityDAO, a platform that creates a new kind of economy with some of the most advanced decentralized artificial intelligences in the world. The team has since released DynaSets.

“The sophisticated financial tools currently available are only accessible to the top 1% of the elite, further widening the wealth gap between rich and poor. Our mission is to make cutting-edge AI technology available through our DynaSets. The first three months of testing have been extremely promising. We managed to outperform the market by nearly 20%, and we look forward to sharing this incredible technology with as many people as possible,” shares Marcello Mari, CEO of SingularityDAO.

The DynaSet Open Beta is now live and available for contributions until April 11th. Following this release, DynaSets v1 will be released, including new features such as the ability to short the market and add leverage to trades.

Diversify your holdings

DynaSets exist as a basket of tokens, similar to a hedge fund in traditional finance. However, this is where the differences end. A DynaSet’s asset managers are “dynamic”, which means that these assets are managed by artificial intelligence (AI), a team of professional investors or a combination of the two operating on a non-custodial basis. Therefore, investors retain ownership of their tokens throughout the process, true to the spirit of decentralization. Each DynaSet is designed to handle millions of dollars in a single transaction, which is billions of dollars in total.

In practice, this project is divided into phases, many of which have similarities to linked staking. The DynaSet will first undergo a launch phase, where investors can submit funds to the Forge. When this window closes, the submitted tokens are “forged” into specified asset weightings, allowing the DynaSet to begin trading.

DynaSets reveal another layer after trade execution where the Dynamic Asset Manager (DAM) will monitor price movements for certain criteria. When these signals are satisfied, buy orders are placed with predetermined profit points. Smart contracts are then used to analyze these decentralized exchanges (DEXs) and liquidity pools, taking into account factors such as gas fees, slippage and market depth. It is when all of these factors come together that trades can ensue.

If an investor decides to join a DynaSet after launch, a rolling entry window also exists so users can stake their tokens into the Forge and wait for the next entry point. Since many new entrants may join at this stage, it is coincidental that performance and management fees are also charged. The fees, while not finalized, are then split between DAM and DAO community members as part of their incentives.

More information about singularitydao here

Although these explanations simplify all the technologies and systems involved, their results cannot be ignored. Since the inception of DynaSets, the offer has beaten the “simple holding” of the underlying assets by 15-20%.

Investing takes on a new face

SingularityDAO went live after a token generation that raised $5 million. With a solid foundation, the project has since launched staking, yield farming, LP, bridge, launch pad and now DynaSets.

As developments now enter the second quarter (Q2), the SingularityDAO is refocusing its efforts on a new user experience, which incorporates the full platform look and feel, including DynaSets v1.0 and v2.0 of the surrounding platform.

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